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IIABA praises tax break for insurance agents and brokers

from Insurance Business Magazine

Following the Internal Revenue Service's implementation of Section 199A of the tax code, both the Council of Insurance Agents & Brokers (CIAB) and the Independent Insurance Agents & Brokers of America (IIABA) have issued a statement praising the federal government's decision to allow insurance agencies and brokerages to enjoy tax breaks. The joint statement was issued the same day the IRS released the final regulations. more


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